iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Sees Significant Decrease in Short Interest

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 4,718 shares, a decrease of 98.8% from the April 15th total of 408,877 shares. Based on an average trading volume of 282,813 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

iShares BB Rated Corporate Bond ETF Price Performance

HYBB traded down $0.13 during trading on Tuesday, reaching $46.52. The company had a trading volume of 4,221 shares, compared to its average volume of 107,754. The company has a market cap of $421.01 million, a P/E ratio of 59.99 and a beta of 0.38. iShares BB Rated Corporate Bond ETF has a 12 month low of $45.91 and a 12 month high of $47.51. The business’s fifty day moving average price is $46.68 and its 200 day moving average price is $47.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC grew its stake in shares of iShares BB Rated Corporate Bond ETF by 45.3% during the 4th quarter. CWM LLC now owns 892 shares of the company’s stock worth $42,000 after acquiring an additional 278 shares in the last quarter. IFP Advisors Inc boosted its holdings in iShares BB Rated Corporate Bond ETF by 29.8% during the third quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after purchasing an additional 298 shares during the last quarter. Bank of America Corp DE boosted its holdings in iShares BB Rated Corporate Bond ETF by 12.2% during the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after purchasing an additional 369 shares during the last quarter. Osaic Holdings Inc. grew its position in iShares BB Rated Corporate Bond ETF by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock valued at $188,000 after purchasing an additional 440 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in iShares BB Rated Corporate Bond ETF in the 4th quarter valued at $228,000.

About iShares BB Rated Corporate Bond ETF

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.